Topic · 2 reports

Economy

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Pocan challenges Loeffler on who pays tariffs in House hearing

Jul 15, 2026

The short clip shows Wisconsin Rep. Mark Pocan questioning SBA Administrator Kelly Loeffler during a House Appropriations Committee hearing. Loeffler claims foreign exporters pay 80% of US tariffs per Harvard and Richmond Fed studies; Pocan disputes this, stating small businesses absorb costs and pass them to consumers, citing his own engraving business experience with rising aluminum and walnut prices.

▶ Source: UpNorthNews

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Pocan cites 50% small-business bankruptcy rise and 292k job losses in Loeffler tariff hearing

Jul 15, 2026

The segment covers a congressional exchange in which Rep. Mark Pocan questioned SBA Administrator Kelly Loeffler about tariff effects on small businesses. Pocan highlighted a 50% surge in small-business bankruptcy filings, 292,000 jobs lost in 2025 per Joint Economic Committee data, and average September tariff costs of $42,600, while pressing for targeted SBA loan programs. Loeffler disputed the figures, stated no specific tariff-relief programs exist, and asserted that foreign exporters pay most tariffs per Harvard and Richmond Fed analyses.

▶ Source: BLUE STATE NETWORK (BSN)